(NVO) - Analyzing Novo Nordisk's Short Interest
Portfolio Pulse from Benzinga Insights
Novo Nordisk's (NYSE:NVO) short percent of float has fallen 46.15% since its last report, with 1.26 million shares sold short, which is 0.07% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Novo Nordisk has less short interest.
August 07, 2023 | 1:30 pm
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Novo Nordisk's short interest has decreased significantly, which could indicate a more bullish sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price.
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